Vice-President for Industry and Entrepreneurship Antonio Tajani said: “The ambitious initiatives presented today will contribute to making the financial system better in channelling resources towards long-term investments, needed to secure Europe’s position on a sustainable growth path."

The European Commission has adopted a package of measures to stimulate new and different ways of unlocking long-term financing.

The economic and financial crisis has affected the ability of the financial sector to provide funding to the real economy, in particular to long-term investment. It is essential to restore the conditions for sustainable growth and investment and in part that means finding new ways to channel funds to long-term investment. The package of measures adopted today includes a communication on the long-term financing of the economy), a legislative proposal for new rules for occupational pension funds and a communication on crowdfunding.

Vice-President for Industry and Entrepreneurship Antonio Tajani said: “The ambitious initiatives presented today will contribute to making the financial system better in channelling resources towards long-term investments, needed to secure Europe’s position on a sustainable growth path."